ATHENIAN SHIPBROKERS S.A. - Hellenic Shipping News...METHANE JULIA LOISE 86125 2010 KOREA 167416 230...

ATHENIAN SHIPBROKERS S.A.

107-109, Vas. Pavlou Str., GR 166 73, Voula , Athens, Greece Tel: 210 9659700 - Fax: 210 8996040

Internet Mail: athenian(at)atheniansa(dot)gr www.atheniansa.gr

January 2015

M O N T H L Y R E P O R T

0

2000

4000

6000

8000

10000

12000

Jan

-05

May

-05

Sep

-05

Jan

-06

May

-06

Sep

-06

Jan

-07

May

-07

Sep

-07

Jan

-08

May

-08

Sep

-08

Jan

-09

May

-09

Sep

-09

Jan

-10

May

-10

Sep

-10

Jan

-11

May

-11

Sep

-11

Jan

-12

May

-12

Sep

-12

Jan

-13

May

-13

Sep

-13

Jan

-14

May

-14

Sep

-14

Jan

-15

Baltic Dry Index

PRICES TANKERS ($ MIO)

* Prices reflect Year’s End 2009* 2010* 2011* 2012* 2013* 2014* Jan-15

VLCC 5Y 78.0 87.8 55.6 56.0 55.8 77.1 80.7

VLCC 10Y 59.5 64.3 34.1 35.0 35.0 52.1 52.8

SUEZMAX 5Y 57.0 62.8 45.6 40.2 39.5 56.8 59.7

AFRAMAX 5Y 40.5 44.5 34.7 28.0 27.8 41.9 45.6

AFRAMAX10Y 23.5 30.7 19.3 16.3 16.3 26.8 31.0

PANAMAX5Y 35.5 39.0 30.9 24.3 24.3 33.4 35.8

45K 5Y D/H 23.5 27.3 25.8 23.0 23.3 23.8 27.2

45K 10Y D/H 16.0 19.7 15.8 15.5 15.7 15.2 17.1

45K 20Y 4.0 6.7 6.0 6.2 6.2 6.5 6.8

PRICES BULKERS ($ MIO)

* Prices reflect Year’s End 2009* 2010* 2011* 2012* 2013* 2014* Jan-15

CAPESIZE 5Y 54.5 57.0 36.3 32.0 43.9 39.5 36.1

CAPESIZE 10Y 45.0 43.0 26.8 20.5 31.0 27.8 25.8

CAPESIZE 15Y 28.0 26.0 15.2 12.7 18.2 16.3 16.0

CAPESIZE 20Y 16.5 16.4 10.5 9.3 10.1 9.0 8.7

PANAMAX 5Y 35.0 38.5 26.4 18.0 25.6 20.1 19.2

PANAMAX 10Y 27.5 31.6 18.6 12.5 17.9 14.6 14.1

PANAMAX 15Y 22.0 23.1 12.4 8.3 12.0 10.0 9.8

PANAMAX 20Y 12.0 13.8 8.1 5.4 7.5 5.4 5.3

SUPRAMAX 5Y 27.5 31.9 26.4 23.3 24.3 20.8 19.0

http://www.atheniansa.gr/

www.atheniansa.gr ATHENIAN SHIPBROKERS S.A.

2

S E C O N D H A N D S A L E S & C H A R T E R F I X T U R E T R E N D S

0.0

20.0

40.0

60.0

80.0

100.0

120.0

140.0

160.0

Pri

ce (

USD

Mio

)

Monthly Tanker Market Trend

VLCC 5Y VLCC 10Y SMAX 5Y AMAX 5Y

AMAX 10Y PMAX 5Y 45K 5Y D/H 45K 10Y D/H

0

10000

20000

30000

40000

50000

60000

Pri

ce (

USD

)

Monthly 1 Yr TC Rates

VLCC 1 Yr T/C SMAX 1 Yr T/C AMAX 1 Yr T/C

PMAX 1 Yr T/C MR 1 Yr T/C

0.0

10.0

20.0

30.0

40.0

50.0

60.0

70.0

Pri

ces

(USD

Mio

)

Monthly Bulk Carrier Market Trend

CAPE 5Y CAPE 10Y CAPE 15Y PMAX 5Y

PMAX 10Y PMAX 15Y SUPRA 5Y HMAX 5Y

HMAX 10Y HMAX 15Y

0

5000

10000

15000

20000

25000

30000

35000

40000

45000

50000

Pri

ce (

USD

)

Monthly 1 Yr TC Rates

CAPE 1 Yr T/C PMAX 1 Yr T/C

SUPRA 1 Yr T/C HMAX 1 Yr T/C



3

S E C O N D H A N D T O N N A G E M A R K E T

*Excluding demolition sales

Sale and Purchase Market - Second Hand units

Ship Type Aug-14 Sep-14 Oct-14 Nov-14 Dec-14 Jan-15 Total

BULK 19 36 26 34 23 24 162 TANK 9 40 26 22 35 53 185 GAS 1 2 0 1 3 4 11 CONT 12 13 6 11 12 15 69 TWEEN 3 8 5 3 1 4 24 REEF 0 0 1 0 0 0 1 RORO 0 1 0 1 2 0 4 FERRY 0 1 0 0 1 0 2 CRUISE 0 1 0 0 1 0 2

Total 44 102 64 72 78 102 460

333

27

403

23

0

200

400

600

THIS MONTH - PREVIOUS MONTH

S&P Activity Dry (<5,000 Dwt)

AVAILABLE FOR SALE

REPORTED SOLD

PREVIOUS MONTH A/BLE FORSALEPREVIOUS MONTH SALES

136 53

196

35

0

100

200

300

THIS MONTH - PREVIOUS MONTH

S&P Activity Tankers (<5,000 Dwt)

AVAILABLE FOR SALE

REPORTED SOLD

PREVIOUS MONTH A/BLE FORSALEPREVIOUS MONTH SALES



4

TANKER SALES

NAME DWT BLT PRICE $ BUYER

STOLT VIOLET 8792 2004 JAPAN DH 10.5 MIO CHINESE TITAN PEACE 9057 2010 CHINA DH 4.7 MIO UNDISCLOSED (Marineline)

ST CHARLOTTE 12497 2006 TURKEY DH 17 MIO VROON (Bitumen/Molten Sulphur.

Declared purchase option) NORDIC COPENHAGEN 12959 2005 KOREA DH 10 MIO FAR EASTERN NORDIC STOCKHOLM 12987 2007 KOREA DH 11 MIO HAN NAVIGATION GLOBAL NEPTUNE 13034 2004 JAPAN DH 12.5 MIO EUROPEAN (SUS304) ST DAWN 19399 2000 JAPAN DH 14.3 MIO TPL (SUS316)

FAIRCHEM COLT 19953 2005 JAPAN DH 19 MIO SOUTH KOREAN (SUS316, SS/DD due

02/2015) VALPADANA 25583 2002 KOREA DH 13 MIO NIGERIAN CAPE BENAT 33540 1998 RUSSIA DH 9 MIO INDIAN MAERSK CHRISTIANSBRO

44885 1996 KOREA DH 8 MIO INDIAN

MAERSK CLAIRE 45014 1996 KOREA DH 8 MIO UNDISCLOSED NORD STAR 45997 2009 JAPAN DH 22.7 MIO GREEK (Incl TC and forward dely) HELLAS SYMPHONY 46145 2000 KOREA DH 10.5 MIO UNDISCLOSED (SS/DD D 04/2015)

KANDILOUSA 46700 1995 KOREA DH 8.3 MIO FAR EASTERN (Dely Feast/ trading

Caribs) TOSCA 46764 2004 CROATIA DH 18 MIO PARETO (Incl 3 yrs BBB) CHEMTRANS PETRI 47228 2000 JAPAN DH 8 MIO VITOL NORD OBTAINERS 47522 2008 JAPAN DH 19.5 MIO GREEK

STENAWECO ENERGY 49973 2014 VIETNAM DH * ENBLOC BSS▼ STENAWECO EVOLUTION

49973 2015 VIETNAM DH 76 MIO UNDISCLOSED (Leaseback deal)

SPP GOSEONG S1162 50300 2015 KOREA DH 37 MIO ENBLOC BSS▼ SPP GOSEONG S1163 50300 2015 KOREA DH 37 MIO ENBLOC BSS▼

628

514

792

350

450

550

650

750

850

6 9 12 15 18 21 24 27 30 33 36 39 42 45 48 51 2 5

WEEK NO

Baltic Clean Tanker - Yearly

2015 2014

928

607

952

400

500

600

700

800

900

1000

6 9 12 15 18 21 24 27 30 33 36 39 42 45 48 51 2 5

WEEK NO

Baltic Dirty Tanker - Yearly

2015 2014

742

744

679

600

650

700

750

800

02/01/2015 09/01/2015 16/01/2015 23/01/2015 30/01/2015

Baltic Clean Tanker - Monthly

884

953

870

820

840

860

880

900

920

940

960

02/01/2015 09/01/2015 16/01/2015 23/01/2015 30/01/2015

Baltic Dirty Tanker - Monthly



5

SPP GOSEONG S1171 50300 2015 KOREA DH 37 MIO ENBLOC BSS▼ SPP GOSEONG S1172 50300 2015 KOREA DH 37 MIO PARAKOU

CALAFURIA 51745 2010 KOREA DH 29.5 MIO ENBLOC BSS▼ CALETTA 51745 2011 KOREA DH 29.5 MIO GREEK (Finance attached)

LEOPARD MOON 51800 2013 KOREA DH 37 MIO ENBLOC BSS▼ LEOPARD STAR 51800 2013 KOREA DH 37 MIO ENBLOC BSS▼ LEOPARD SEA 51800 2013 KOREA DH 37 MIO ENBLOC BSS▼ LEOPARD SUN 51800 2013 KOREA DH 37 MIO PARAKOU

LR MIMOSA 74035 2006 CHINA DH 27 MIO ENBLOC BSS▼ FR8 VENTURE 74065 2006 CHINA DH 27 MIO UNDISCLOSED

AL MUMINAH 107081 2005 JAPAN DH 31 MIO NORWEGIAN (SS/DD Freshly passed) VEMASPIRIT 107169 1997 JAPAN DH 12 MIO UNDISCLOSED MARE AEGEUM 110295 2008 JAPAN DH 38 MIO GREEK PATRIS 298543 2000 KOREA DH 39 MIO MODEC (Conversion - Long sub period)

HYUNDAI GUNSAN 2794 300000 2016 KOREA DH 100 MIO ENBLOC BSS▼ HYUNDAI GUNSAN 2795 300000 2016 KOREA DH 100 MIO ENBLOC BSS▼ HYUNDAI SAMHO S768 300000 2016 KOREA DH 100 MIO ENBLOC BSS▼ HYUNDAI SAMHO S769 300000 2016 KOREA DH 100 MIO ENBLOC BSS▼ HYUNDAI SAMHO S770 300000 2016 KOREA DH 100 MIO ENBLOC BSS▼ HYUNDAI SAMHO S771 300000 2016 KOREA DH 100 MIO ENBLOC BSS▼ SHANGHAI WAIG. 1384 319000 2015 CHINA DH 100 MIO ENBLOC BSS▼ SHANGHAI WAIG. 1385 319000 2015 CHINA DH 100 MIO ENBLOC BSS▼ SHANGHAI WAIG. 1355 319000 2015 CHINA DH 100 MIO ENBLOC BSS▼ SHANGHAI WAIG. 1356 319000 2015 CHINA DH 100 MIO ENBLOC BSS▼ SHANGHAI WAIG. 1357 319000 2015 CHINA DH 100 MIO ENBLOC BSS▼ SHANGHAI WAIG. 1358 319000 2015 CHINA DH 100 MIO ENBLOC BSS▼ HHIC - PHIL 137 320000 2016 PHILIPPINES DH 100 MIO ENBLOC BSS▼ HHIC - PHIL 138 320000 2016 PHILIPPINES DH 100 MIO GENMAR

GC GUANGZHOU 305839 1999 JAPAN DH 30 MIO NATHALIN DS VOYAGER 309233 2003 KOREA DH 42 MIO GREEK YANGTZE FRIENDSHIP 310444 2008 JAPAN DH 61.8 MIO NEW ENTERPRISE (Incl BBB fr 3 yrs)

GAS SALES

NAME DWT BLT CBM PRICE $ BUYER

GAS SAPPHIRE 49255 1993 JAPAN 75358 40 MIO UNDICLOSED HELLAS ARGOSY 54999 2003 KOREA 80530 65 MIO CHINESE

METHANE JULIA LOISE 86125 2010 KOREA 167416 230 MIO ENBLOC BSS▼ METHANE BECKI ANNE 86269 2010 KOREA 167416 230 MIO GREEK (Incl TCB for 9-11yrs + 3-5yrs opt.)



6

69500

43050

47690

0100002000030000400005000060000700008000090000

Jan-14 Mar-14 May-14 Jul-14 Sep-14 Nov-14 Jan-15

$/D

ay

Spot Market - Tankers VLCC

SUEZMAX

AFRAMAX

52550

32200

23100

10000

20000

30000

40000

50000

60000


$/D

ay

Period Market - Tankers 1 Year T/C

VLCC

SUEZMAX

AFRAMAX



7

BULKER SALES

NAME DWT BLT GEAR PRICE $ BUYER

LENNARD 18320 2000 JAPAN CR 3X30 5 MIO EUROPEAN AFRICAN GLORY 21146 1998 KOREA CR 3X30 4.9 MIO EUROPEAN VTC SKY 23581 1997 JAPAN CR 4X30 5.8 MIO UNDISCLOSED (Logs fitted) HO MAO 24290 1996 JAPAN CR 4X30 4.8 MIO UNDISCLOSED DIAMOND STAR 27000 1996 JAPAN CR 4X30 5.2 MIO FAR EASTERN LEYDEN 27850 1995 JAPAN CR 4X30 5.1 MIO UNDISCLOSED LIZARD POINT 28496 2005 JAPAN CR 4X30 8.5 MIO UNDISLOSED OCEAN STAR 28499 1993 JAPAN CR 4X30 3.5 MIO CHINESE

LAGUNA BELLE 29458 1996 CHINA CR 5X30 4.7 MIO ENBLOC BSS▼ SEMINOLE PRINCESS 29516 1997 CHINA CR 5X30 5.3 MIO UNDISCLOSED

VENTURE BULKER 29870 2004 JAPAN CR 4X30 8.5 MIO GREEK DIAMOND OCEAN 31931 2007 JAPAN CR 4X30 11.5 MIO FAR EASTERN EGS TIDE 35916 2011 KOREA CR 4X35 16.8 MIO ITALIAN (OHBC) TRUVA 1 46708 2001 JAPAN CR 4X30 12 MIO UNDISCLOSED (Finance attached) BIKAN 52064 2001 JAPAN CR 5X30 9.7 MIO UNDISCLOSED (Via auction) ARIETTA A 56947 2011 CHINA CR 4X30 19 MIO GREEK VERDI 58758 2007 CHINA CR 4X30 15 MIO GREEK THEOFYLAKTOS 74523 1995 KOREA GLESS 5.25 MIO CHINESE (SS/DD Due) FD JACQUES GRAUBART

76588 2007 JAPAN GLESS 19 MIO INDONESIAN (High Commissions)

MEDI TAIPEI 76633 2003 JAPAN GLESS 18 MIO CHINESE (Incl 6 yrs BBB) THALASSA 76945 2003 JAPAN GLESS 13 MIO CHINA MARINE BLUE MATTERHORN 81391 2011 KOREA GLESS 22 MIO CHINESE SHIN-SAKAIDE 91443 2000 JAPAN GLESS 10 MIO UNDISCLOSED (Coal carrier) NORDTRAMP 171199 2001 JAPAN GLESS 17 MIO GREEK

488

356

150

250

350

450

550

02/01/2015 09/01/2015 16/01/2015 23/01/2015 30/01/2015

Baltic Handysize

2

884

800

618

400

500

600

700

800

900

1000

02/01/2015 09/01/2015 16/01/2015 23/01/2015 30/01/2015

Baltic Supramax

2

827

685

620

450

500

550

600

650

700

750

800

850

02/01/2015 09/01/2015 16/01/2015 23/01/2015 30/01/2015

Baltic Panamax

4

311

662

971

785

200

400

600

800

1000

1200

02/01/2015 09/01/2015 16/01/2015 23/01/2015 30/01/2015

Baltic Capesize

4 38



8

CONTAINER SALES

NAME DWT BLT GEAR TEU PRICE $ BUYER

SITC SHANGHAI 12696 2002 JAPAN GLESS 847 3.4 MIO CHINESE SEA PIONEER 14003 2005 ROMANIA GLESS 1102 4.75 MIO CHINESE STEINTOR 21373 2000 KOREA GLESS 1679 5.8 MIO UNDISCLOSED THEODOR STORM 33297 2004 SINGAPORE GLESS 2586 8.2 MIO GREEK JULA S 33796 2005 GERMANY CR 3X45 2478 12.5 MIO ARKAS NORTHERN ENTERPRISE 33836 2001 KOREA CR 3X45 2456 7.2 MIO BOREALIS BORKUM TRADER 33976 1997 GERMANY CR 3X45 2474 6 MIO GERMAN HELENA SCHULTE 42106 2006 CHINA GLESS 3534 14 MIO SOUNDVIEW, US

VICTORIA BRIDGE 64986 2005 KOREA GLESS 4738 15.6 MIO ENBLOC BSS▼ VIRGINIA BRIDGE 64990 2004 KOREA GLESS 4738 15.6 MIO ENBLOC BSS▼ VALENCIA BRIDGE 65006 2004 KOREA GLESS 4738 15.6 MIO UNDISCLOSED

FD PATRIZIA D AMATO 83731 2015 KOREA GLESS 9200 87 MIO UNDISCLOSED FD UMBERTO D AMATO 83731 2015 KOREA GLESS 9200 87 MIO UNDISCLOSED FD JACOPO D AMATO 83731 2016 KOREA GLESS 9200 88 MIO UNDISCLOSED MSC CHRISTINA 141184 2011 KOREA GLESS 13092 147 MIO GREEK (Incl 12 yrs TC)

9920

5230

5250 0

5000

10000

15000

20000

25000

30000

35000


$/D

ay

Spot Market - Bulkers CAPESIZE

PANAMAX

HANDYMAX

11500

8150 7350

5000

10000

15000

20000

25000

30000

35000


$/D

ay

Period Market - Bulkers 1 Year T/C CAPE

PMAX

HANDYMAX

44



9

MPP/TWEEN SALES

NAME DWT BLT GEAR TEU PRICE $ BUYER

GRIFTBORG 4149 1995 NETHERLANDS GLESS 211 1,1 MIO UNDISCLOSED BRUFJELL 4372 1995 NETHERLANDS GLESS 234 1,5 MIO UNDISCLOSED NORTHWESTER 5705 1994 PORTUGAL GLESS 395 1,8 MIO TURKISH SEA WIND 7938 1988 CHINA C 4X15 126 1,6 MIO SYRIAN



10

N E W B U I L D I N G M A R K E T A N D R E P O R T E D C O N T R A C T S

Ship Type 2015 2016 2017+ Total

Capesize 168 172 43 398

Panamax 237 145 37 642

Supra/Hmax 433 276 89 1054

Handies 276 153 48 687

Total 1114 746 217 2781


ULCC/VLCC 26 58 11 121

Suezmax 17 29 24 95

Aframax 54 37 21 148

Panamax 8 28 6 49

MR+Small 261 183 62 635

Total 366 335 124 1048


VLGC 39 48 5 103

LGC 4 0 0 4

MR 11 29 19 69

Handy 29 15 3 60

Small 17 12 0 51

Total 100 104 27 287

96.4

65.3

53.6

36.5

20

40

60

80

100

120

Jan-13 May-13 Sep-13 Jan-14 May-14 Sep-14 Jan-15

$m

Tanker Prices VLCC Suezmax

Aframax MR

1

5

3

53.3

28.6

26.4

22.6

10

20

30

40

50

60

70

Jan-13 May-13 Sep-13 Jan-14 May-14 Sep-14 Jan-15

$m

Bulker Prices Capesize Panamax

Handymax Handysize

5



11

395

142

1

885

660

4

214

128

9

0

100

200

300

400

500

600

700

800

900

1000

2013 2014 Jan-15

No

. o

f V

es

se

ls

Newbuilding Sales Tankers >10,000 dwt

Bulkers >10,000 dwt

Containerships84.7

66.1

18

28

33.7

12.4

0

10

20

30

40

50

60

70

80

90

Jan-15 2016 2017+

m. d

wt

Delivery Schedule Bulkers >10,000 dwt.

Tankers >10,000 dwt

28.6

10.4 12.2

3.1

19.5

0

5

10

15

20

25

30

35

January 2015

m.

dw

t

Tanker Newbuildings on Order VLCC Suezmax

Aframax Panamax

Products

72.4

33.5

46.5

16.8

0

10

20

30

40

50

60

70

80

January 2015

m. d

wt

Bulker Newbuildings on Order Capesize Panamax

Handymax Handysize

Newbuilding Historical Prices ($m)

Tankers Jan-15 2014 2013 2012 2011 2010 2009 2008 2007 2005 1995 1990 1985

310,000 DWT1 96.4 97.3 93.8 93.2 98.9 104.8 97.5 150 145 120 85.3 87.4 2 38.2

170,000 DWT1 65.3 65.5 59.6 57.1 60.3 66.3 61 90 90 71.5 54 66.1 2 28.2

110,000 DWT1 53.6 53.6 52.2 48.5 52.2 56 49.5 74 72 58 43.3 53.2 2 18.1

47,000 DWT1 36.5 36.8 34.6 33.8 35.2 36.1 35 46.5 52 43 33.2 3 32.1

3 13.3

Bulkers

180,000 DWT1 53.3 54.2 53.6 45.7 48.4 57.2 55.5 87 96 58.5 42.3 60.2 29.3

73,000 DWT1 28.6 29 27.8 25.6 28.7 34.3 34.5 45.5 54 36 27.9 30 13.4

45,000 DWT 26.4 27.2 26.5 23.7 26.7 31.1 29 41 47.5 31 24.1 25.3 12.4

29,000 DWT 22.6 22.8 22.2 20.5 22.2 26.3 24.5 31 34 25.5 19.2 21.3 9.7

1 Before 2001 sizes to read 280,000 - 140,000 - 95,000 - 40,000 respectively for tankers and 150,000 - 69,000 for Bulkers 2 Single Hull 3 30,000 DWT

(note: above is for vessels built Japan / Korea, you should also consider US$ / Yen / Won relation for the years mentioned)



12

The Shipbuilding Market TYPE DWT BUILDER DELIVERY PRICE $ OWNER NOTES

AHTS 700 Keppel Singmarine 2016 Seaways Intl (Sing)

AHTS 3500 Wuchang S.B. 3016 Otto Marine















Bulk 34000 Hakodate Dockyard 2017 NYK Bulk & Projects

BULK 36500 Jiangsu New YZJ 2016 Polish Steamship Co.




Chem & Oil 16500 Jiangzhou Union SB 2016 Sloman Neptun schiff

CONT 115177 Jiangsu New YZJ 2016 84.50 Mio Seaspan Corporation

CONT 115177 Jiangsu New YZJ 2016 84.50 Mio Seaspan Corporation

CONT 50000 Shanghai Shipyard 2016 Sunnyexpress Co Ltd.

CONT 50000 Shanghai Shipyard 2016 Sunnyexpress Co Ltd.

CONT 40000 Samsung HI 2016 34.50 Mio Lomar Shpg

CONT 40000 Samsung HI 2016 34.50 MIo Lomar Shpg

CONT 210000 Samsung HI 2016 Quantum Scorpio Box

CONT 210000 Samsung HI 2017 Quantum Scorpio Box

CONT 210000 Samsung HI 2017 Quantum Scorpio Box Crew/Fast

Supply Swiftships Inc. 2016 Rodi Marine Crew/Fast

Supply Swiftships Inc. 2016 Rodi Marine

CS/BW Dredger Damen Gorinchem 2015 Van Oord

Dump / Fallpipe CNN - La Naval 2017 Tideway

L.N.G. 85000 Daewoo 2017 317.53 Mio Unknown





L.N.G. 82000 Japan Marine United 2018 Mitsui O.S.K. Lines

L.N.G. 3000 Kegoya Dock 2016 SMC Shipping

L.N.G. 40000 Xiamen Shipbuilding 2017 Landmark Capital

L.N.G. 90000 Samsung HI 2017 208.50 Mio SK Shipping Co. Ltd

L.N.G. 90000 Samsung HI 2017 208.50 Mio SK Shipping Co. Ltd

L.N.G. 90000 Daewoo 2017 200 Mio Hyundai LNG Shipping

L.N.G. 90000 Daewoo 2017 200 Mio Hyundai LNG Shipping

L.N.G. 90000 Daewoo 2017 200 Mio Korea Line

L.N.G. 90000 Daewoo 2017 200 Mio Korea Line

LNG Bunkering 5500 Schps. Bodewes 2017 Anthony Veder

LNG/FPSO Wison (Nantong) 2018 Exmar Offshore Option

LNG/FPSO Wison (Nantong) 2019 Exmar Offshore Option

MPP 10500 Ferus Smit 2016 Symphony Shipping

MPP 10500 Ferus Smit 2016 Symphony Shipping

MPP/Hvy Lift 28000 Hudong Zhonghua 2016 40 Mio COSCO Shipping Co.




MSV 4100 Havyard Leirvik 2016 Esvagt



13

MSV Keppel Singmarine 2017 New Orient Marine

MSV Ulstein Ulsteinvik 2016 B. Schulte (Deutsch)

MSV Ulstein Ulsteinvik 2017 B. Schulte (Deutsch) Oceanographic

C. Const. Freire 2016 Min de Defensa Peru

Pass/Car F. 6000 Astillero Barreras 2017 E.N.T.M.V.

Products 111000 New Times SB 2016 49 Mio Frontline 2012

Products 111000 New Times SB 2016 49 Mio Frontline 2012

Shuttle 152000 COSCO Zhoushan 2017 Knutsen NYK

TANK 158000 Sungdong S.B. 2016 65 Mio Nordic American NATS

TANK 158000 Sungdong S.B. 2017 65 Mio Nordic American NATS

TSH Dredger CNN - La Naval 2017 Van Oord

TSH Dredger CNN - La Naval 2017 Van Oord



14

D E M O L I T I O N M A R K E T

Demolition Historical Data

410

180

230

280

330

380

430

480

530

580

JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC

USD

/to

n

Price Tankers* 2012 2013

2014 2015

*India month's end prices

390

180

230

280

330

380

430

480

530

580

JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC

USD

/to

n

Price Bulkers* 2012 2013

2014 2015

*India month's end prices

13.4

27 28.65 26.9

38

25.6

14.5

4.9 2.35

4.6 3.8

15.9 16.7 18.9

15.5 18

15.6

25

30.5

22.4

28.4 28.5 27

10 5.5 6.5 5

12

28.9 25.7

31.58

50.3 41.8

33.3

1.9

0

10

20

30

40

50

60

Mill

ion

dw

t

Total Demolition (Dwt)

* Bss reported sales

Demolition Prices Gen Cargo Tanker

India USD 390 /lt Ldt USD 410 /lt Ldt

Bangladesh USD 390 /lt Ldt USD 415 /lt Ldt

Pakistan USD 385 /lt Ldt USD 405 /lt Ldt

China USD 215 /lt Ldt USD 245 /lt Ldt



15

HISTORICAL DEMOLITION PRICES (*Indian Year’s End)

1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 CURR.

TANK 182 172 115 136 174 135 174 262 362 302 405 507 287 338 485 482 435 425 410 BULK 153 152 112 143 170 135 181 267 381 332 392 472 268 328 437 456 410 400 390

India

TYPE NAME DWT BLT LDT PRICE $/LDT COMMENTS

BULK HATICE AKAR 14960 1980 19842 410

BULK THAI DAWN 26140 1985 7780 410 En Bloc with Thai Harvest

BULK THAI HARVEST 34507 1987 8155 410 En Bloc with Thai Dawn

BULK ABM LEADER 29016 1994 8085 425 Abt 125T ROB & spare prop ob

BULK VOYAGER 33347 1985 7172 420

BULK AL WAKRAH 6755 1984 6755 425

BULK THE BENEFACTOR 65117 1986 9438 435 340T ROB & spare prop pb

BULK STAR JULIA 70083 1994 12033 440

CONT CHINA STAR 47230 1990 14465 446

CONT DUBAI STAR 47230 1991 14465 446

GAS EAST MED GAS 9129 1985 4083 595

TWEEN MSC ISABELLE 9536 1985 3438 415

Bangladesh


BULK DERYOUNG SKY 5118 1982 1680 378

BULK HOANG SON SUN 22835 1984 5302 407

BULK HE FU 27470 1977 6517 415

BULK TRANS TENANG 42312 1984 8119 435

BULK GLORY APOLLO 149380 1994 18583 432

BULK AQUADONNA 161010 1995 20039 415

BULK MARTZOUKOS A. 161175 1995 23800 420 Incl 300T ROB

BULK KESTREL I 161475 1993 19572 405

BULK HEYTHROP 165729 1996 22427 432

BULK IRFON 165729 1996 22427 430

BULK SILVER MARINER 168421 1995 21478 437 Incl 700T ROB

CONT TANTO LUMOSO 11973 1982 3924 442

CONT TANTO KARUNIA II 14495 1983 5168 442

RORO SS VELES 12402 1983 5960 430

RORO ATLANTIC ELAND 18731 1990 10286 435

TANK ACS 8 4895 1984 1850 410

TANK CHOYANG PRIDE 6016 1980 2040 385

0

100

200

300

400

500

600

USD

/to

n

Historical Demolition Prices (India Year's End)

TANKERS

BULKERS

Avg. Trend



16

China


CONT PARIS EXPRESS 65815 1994 4639 250 Green Recycling

Pakistan


BULK COPPERSMITH 149735 1995 22540 409

Turkey


CONT BONN EXPRESS 46002 1989 14675 315

Other


CONT VFM ALITA 4250 1986 2170 180 As is Venezuela

GAS GAS CORAL 12178 1989 5240 856 High STST & nickel content

RORO IGINIA 2154 1969 5280 260 As is Italy

RORO BAHAMAS CELEBRATION 3210 1981 180 As is Bahamas



17

H I S T O R I C A L B U N K E R P R I C E S

HISTORICAL BUNKER PRICES

Rotterdam Fujeirah Houston

380 cst MGO 380 cst MGO 380 cst MGO

1992 83 161.9 81.5 208.2 78.4 165.2

1993 67 150.5 70 202.5 71.1 160.6

1994 86 133.2 80.9 182.6 80.8 148.8

1995 97 140.6 94.6 175.8 93.2 148

1996 107 175.1 104.4 207.5 105.8 186

1997 92 155.4 99.3 205.6 97.3 179.9

1998 66.5 112.2 69.2 152.2 67.2 136.9

1999 94 133 98.5 157.2 93.3 143.9

2000 139 231.6 155.3 263.5 136 255.7

2001 116 192.4 129.7 244.7 112.8 227.5

2002 135 188.2 145.9 222.8 134 196

2003 151 230.4 166.3 265.2 160.2 265.1

2004 154 313.4 176.7 359.3 167.3 328.7

2005 236 458.4 256.6 500.1 248.3 508.5

2006 195 524.1 310.9 631.8 303 562.3

2007 347 571.3 373.7 664.7 351.8 608.6

2008 469 850.7 509.4 1037.7 496.8 933.2

2009 355 490.6 372.8 657 360.7 525

2010 452 667.1 468.2 712.9 449.3 683

2011 548 848.6 587.5 897.5 542.1 862.4

2012 585 920 606 1005 610 1005

2013 585 920 620 1010 580 985

2014 310 570 350 880 315 695

Jan-15 241 463 287 785 260 568

0

100

200

300

400

500

600

700

800

USD

/to

n

Bunkers Cost (380 cst)

Rotterdam

Fujeirah

Houston

Average Trend

0

200

400

600

800

1000

1200

USD

/to

n

Bunkers Cost (MGO)

Rotterdam

Fujeirah

Houston

Average Trend



18

M A R K E T I N D I C A T O R S

GBP CAD EUR JPY CHF USD

AUD

GBP 1 0.52683 0.74718 0.00561 0.723 0.66138 0.51777

CAD 1.89749 1 1.41794 0.01064 1.37191 1.25516 0.98262

EUR 1.33803 0.70501 1 0.00751 0.96745 0.88507 0.69291

JPY 178.26 93.92 133.21 1 128.9 117.91 92.31

CHF 1.38225 0.72823 1.03288 0.00775 1 0.91423 0.71571

USD 1.51175 0.79655 1.12969 0.00848 1.09302 1 0.78286

AUD 1.93054 1.01722 1.44287 0.01083 1.39581 1.27703 1 * 30/01/2015 values

60

70

80

90

100

110

120

130

0.40

0.60

0.80

1.00

1.20

1.40

1.60

1.80

USD

-JP

Y

USD

-EU

R

Currencies USD-EUR

USD-JPY

0.00

20.00

40.00

60.00

80.00

100.00

120.00

140.00

160.00

$/B

arre

l

Brent Oil



19

S T O C K W A T C H

NAME TICKER THIS MONTH* LAST MONTH CHANGE % 52w HIGH 52w LOW

Capital Product Partners CPLP 8.29 7.80 6.3 11.63 6.54

Diana Shipping Inc. DSX 6.41 6.72 -4.6 13.93 6.25

Dryships Inc. DRYS 0.90 1.16 -22.7 4.37 0.76

Dynagas LNG Partners LP DLNG 17.32 15.64 10.7 25.50 13.66

Eagle Bulk Shipping Inc. EGLE 10.70 14.29 -25.1 17.49 10.16

Euroseas Ltd. ESEA 0.71 0.75 -5.2 1.46 0.70

Freeseas Inc. FREE 0.07 0.09 -20.9 2.33 0.07

Costamare Inc. CMRE 17.13 18.10 -5.4 24.94 15.85

Goldenport Holdings Inc. GPRT 200.54 233.31 -14 500.00 200.54

Navios Maritime Holdings NM 3.70 4.03 -8.2 12.12 3.50

GasLog Ltd. GLOG 17.38 19.91 -12.7 32.44 15.40

Paragon Shipping Inc. PRGN 1.65 2.59 -36.3 8.27 1.65

Safe Bulkers Inc. SB 3.53 3.94 -10.4 11.48 3.43

Star Bulk Carriers Corp. SBLK 3.89 6.10 -36.2 15.88 3.66

Stealthgas Inc. GASS 5.34 6.29 -15.1 11.93 5.24

TEN Inc. TNP 7.19 6.96 3.3 8.48 4.75

TOP Ships Inc. TOPS 1.00 1.04 -4 12.81 0.96

Box Ships Inc. TEU 0.87 0.87 -0.3 2.96 0.60

Diana Containerships Inc. DCIX 2.38 2.06 15.5 4.42 1.79

Danaos Corporation DAC 5.01 5.43 -7.7 7.50 3.96

Aegean Marine Petroleum ANW 13.74 13.54 1.5 14.74 6.99

* 29/01/2015 closing values

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Disclaimer: Information and data that appear in this report have been obtained from various sources which are believed to be correct and reliable. However, Athenian Shipbrokers S.A. does not guarantee their accuracy or completeness and therefore cannot be held liable for any loss incurred as a result of reliance in any way whatsoever on the information contained herein. Kind Regards,

ATHENIAN SHIPBROKERS S.A.


ATHENIAN SHIPBROKERS S.A. - Hellenic Shipping News...METHANE JULIA LOISE 86125 2010 KOREA 167416 230...

Documents

Transcript of ATHENIAN SHIPBROKERS S.A. - Hellenic Shipping News...METHANE JULIA LOISE 86125 2010 KOREA 167416 230...